Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3121 Skwy Cir, Unit 108 Melbourne, FL 32934-7388

    • Truck terminals
    • 10,500 SF
    • 2.08 lot acres
    OFF-MARKET
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6027594
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Triple X Motorsport / Motorcycle Parts Store
    • Triple D Grounds Maintenance Inc / Lawn Care Service
    • Top Team Moving Melbourne / Mover / Debris Removal Service
    • FastFenom Basketball Training / Gym
    • Certified Roofing and Renovations Inc / Roofing Contractor / Contractor

    Property Details for 3121 Skwy Cir

    Year built
    2002
    Construction
    FRAME
    Lot size
    2.08 lot acres
    Property size
    10,500 SF
    Zone code
    M1
    Property type
    Truck terminals
    APN
    27-36-25-01-00000.0-0009.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,040,000
      Market price range: $282k - $1.04M

    • Alternative Use

      Use
      Estimation
      TRUCK TERMINAL (MOTOR FREIGHT)
      $1,255,000
      Current use
      RETAIL STORES
      $1,800,000
      Change: +44% Conversion: Difficult
      MEDICAL BUILDING
      $1,680,000
      Change: +34% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6752
    Latitude
    28.1124
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,380
    $279,680
    $1,074,390
    $1,354,070
    -
    $279,680
    $1,074,390
    $1,354,070

    Comparable in this City

    • Value Estimation
      $775,000
      21,825 SF

      600 Nn Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 21,825 SF
      600 Nn Dr, Melbourne, FL 32934-9279
      View Details
    • Value Estimation
      $3,765,000
      41,600 SF

      280 Nn Drb

      TRUCK TERMINAL (MOTOR FREIGHT) • 41,600 SF
      280 Nn Drb, Melbourne, FL 32934-9204
      View Details
    • Value Estimation
      $2,055,000
      8,760 SF

      4305 Dow Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 8,760 SF
      4305 Dow Rd, Melbourne, FL 32934-9220
      View Details
    • Value Estimation
      $725,000
      7,200 SF

      772 Washburn Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 7,200 SF
      772 Washburn Rd, Melbourne, FL 32934-7393
      View Details
    • Value Estimation
      $2,800,000
      28,000 SF

      3120 Skwy Cir

      TRUCK TERMINAL (MOTOR FREIGHT) • 28,000 SF
      3120 Skwy Cir, Melbourne, FL 32934-7389
      View Details
    • Value Estimation
      $520,000
      18,332 SF

      3181 Skwy Cir

      TRUCK TERMINAL (MOTOR FREIGHT) • 18,332 SF
      3181 Skwy Cir, Melbourne, FL 32934-7334
      View Details

    Similar Nearby for Sale

    • $899,999

      Melbourne Warehouse Trio: Prime Investment

      Three-unit warehouse, 74,052 sq ft lot, $899,999
      1425 Columbia Ln, Melbourne, FL 32934
      View Details
    • $4,995,000

      Melbourne Industrial Warehouse Investment

      High-Yield Warehouse w/ Expansion Land
      605 John Rodes Blvd, Melbourne, FL 32934
      View Details
    • $1,695,000
      9,600 SF

      Melbourne Flex Space For Sale

      9,600 SF flex space with office and warehouse.
      750 North Dr, Melbourne, FL 32934
      View Details
    • $4,995,000
      30,780 SF

      Melbourne Industrial Income Property

      30,780 SF Flex Space, 17.51 Acres
      605 John Rodes Blvd, Melbourne, FL 32934
      View Details
    • $6,750,000
      17.26 Acres

      I-95 Industrial Land - Melbourne, FL

      17 Acres, Prime Industrial Location
      5075 Eau Gallie Blvd, Melbourne, FL 32934
      View Details
    • $150,000

      Melbourne Commercial Land - 40k SF

      Prime Commercial/Residential Land, Excellent Location
      4805 Tiverton Ct, Melbourne, FL 32934
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      10,800 SF

      Melbourne Flex Space - Wickham Business Park

      Modern Flex Space, 1,814-10,800 SF
      3050 Venture Ln, Melbourne, FL 32934
      View Details
    • Contact for pricing
      194,480 SF

      Class A Distribution Center

      Prime industrial campus in Melbourne, Florida's industrial corridor.
      500 North Dr, Melbourne, FL 32934
      View Details
    • $18 SF/Yr
      36,040 SF

      Melbourne Warehouse Space For Lease

      Modern Warehouses, Flexible Layouts
      4155 Dow Rd, Melbourne, FL 32934
      View Details
    • Contact for pricing
      600,000 SF

      TruLogics Distribution Center

      Melbourne, FL Industrial Campus
      0 Opportunity Dr, Melbourne, FL 32934
      View Details
    • $18 SF/Yr
      3,000 SF

      Melbourne Warehouse - 3,000 SF

      Single-tenant industrial warehouse in Melbourne, FL.
      631 Washburn Rd, Melbourne, FL 32934
      View Details
    • $10 SF/Yr
      14,568 SF

      Melbourne Warehouse Space for Lease

      Modern warehouse units, excellent location.
      2915 Dusa Dr, Melbourne, FL 32934
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3121 Skwy Cir, Unit 108
    Melbourne, FL 32934-7388
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.